MicroStrategy, a company renowned for its aggressive Bitcoin acquisition strategy, has once again significantly expanded its cryptocurrency reserves. This latest move, involving the purchase of thousands of additional bitcoins, reinforces the firm’s long-term commitment to the digital asset despite facing increased scrutiny and legal challenges related to its unique corporate treasury approach.
Recent Acquisition Boosts Bitcoin Holdings
Between May 12 and May 18, 2025, Strategy, formerly known as MicroStrategy, acquired an additional 7,390 bitcoins. This substantial purchase came at an approximate cost of $764.9 million, valuing each coin at an average price of around $103,498. The funding for this acquisition was reportedly facilitated through the issuance of ordinary MSTR common securities and preferred perpetual STRK shares.
Following this latest transaction, Strategy’s total holdings have surged, reaching approximately 576,230 BTC. The aggregate amount spent by the company on accumulating this vast reserve is estimated at $40.2 billion. At the time of reporting, the total value of these assets exceeds $59 billion, indicating a significant unrealized gain for the company, with the average purchase price per bitcoin standing at roughly $69,726. This continuous accumulation is part of the company’s broader financial strategy, which includes efforts to raise substantial capital specifically for further Bitcoin investments.
Growing Scrutiny and Legal Challenges
Strategy’s bold strategy, championed by co-founder Michael Saylor, has attracted both fervent support and sharp criticism. While Saylor remains vocal about the company’s commitment to Bitcoin, stating, for instance, that one shouldn’t “short a man buying orange ink by the barrel,” these actions are under increasing pressure.
Critics have questioned the financial structure and transparency of Strategy’s operations. For example, former trader Josh Mandell has reportedly compared the company’s stock to fiat currency and raised concerns about the transparency of its on-chain activities.
Furthermore, the company is now contending with a class-action lawsuit filed on May 16, 2025, in a federal court. The lawsuit, brought on behalf of investors, alleges that the firm has misrepresented the risks and profitability associated with its Bitcoin strategy. It also claims that Strategy failed to adequately inform clients about potential losses stemming from new accounting standards applicable to crypto assets. This legal challenge adds another layer of complexity to the company’s high-profile Bitcoin endeavors, alongside existing criticisms from figures like hedge fund founder Jim Chanos, who previously labeled the strategy “absurd” and took a short position against the company.
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